When CIT Commercial Services became a division of First Citizens Bank three years ago, the merger added a range of financial options — especially with its expertise in factoring. Since then, the ...

Factoring facilities are financial services in which a company sells its accounts receivable (bills) to an external entity, or a factor, at a reduced price in return for immediate cash. This provides ...

Downtown-based Hana Commercial Finance Inc., a factoring and trade finance subsidiary of Hana Financial Inc., established a new factoring credit line through the issuance of $100 million in note ...

Factoring financing is an option many commercial lenders expand their offering with. Factoring has a high potential to create a mutually beneficial situation for all parties involved. This type of ...

CEO Aaron Graft highlighted the persistence of freight market headwinds but emphasized improvements in transportation business metrics and the Payments segment. He expressed confidence in revenue ...

There are trillions of dollars of trade credit outstanding in the U.S. economy today, and at least a portion of it is undoubtedly creating an unnecessary cash flow burden for many small- to ...

Factoring has major impact on the growth of Micro, Small and Medium Enterprises (MSMEs) and the financial services industry, the Financial Institutions Training Centre (FITC) has said. The FITC made ...

Factoring is an ancient financing practice that has achieved new currency in the digital era. This is largely thanks to pioneers harnessing online capabilities to make factoring appealing to ...